Hess Midstream (HESM) Invested Capital (2018 - 2026)
Hess Midstream (HESM) recorded quarterly Invested Capital of $4.1 billion in Q1 2026, up 781.55% quarter-over-quarter from $470.4 million in Q4 2025, and up 1.52% on a YoY basis from $4.1 billion in Q1 2025.
Hess Midstream (HESM) Invested Capital (2018 - 2026) Analysis & Trends
Hess Midstream's Invested Capital history runs 9 years deep, the most recent figure standing at $4.1 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 1.52% year-over-year to $4.1 billion; the TTM figure through Mar 2026 stood at $4.1 billion (up 1.52% YoY), while the FY2025 annual figure was $470.4 million, down 3.57% from the prior year.
- Invested Capital was $4.1 billion for Q1 2026 at Hess Midstream, up from $470.4 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $4.4 billion in Q3 2025 to a low of $375.7 million in Q4 2023.
- Historically, Invested Capital has averaged $3.0 billion across 5 years, with a median of $3.5 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Invested Capital plunged 31.25% in 2022, then grew 29.84% in 2024.
- A 5-year view of Invested Capital shows it stood at $531.5 million in 2022, then retreated by 29.31% to $375.7 million in 2023, then advanced by 29.84% to $487.8 million in 2024, then dropped by 3.57% to $470.4 million in 2025, then jumped by 781.55% to $4.1 billion in 2026.
- The last three Invested Capital figures came in at $4.1 billion (Q1 2026), $470.4 million (Q4 2025), and $4.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 59.19 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 33.06 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 61.04 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 103.80 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 21.28 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 40.30 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 21.59 Bn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 54.45 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 19.65 Bn |
| 10 | Hess Midstream | 4.98 Bn | 4.97 Bn | - | 4.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.15 Bn |
| Dec 31, 2025 | 470.40 Mn |
| Sep 30, 2025 | 4.37 Bn |
| Jun 30, 2025 | 4.22 Bn |
| Mar 31, 2025 | 4.08 Bn |
| Dec 31, 2024 | 487.80 Mn |
| Sep 30, 2024 | 3.93 Bn |
| Jun 30, 2024 | 3.86 Bn |
| Mar 31, 2024 | 3.71 Bn |
| Dec 31, 2023 | 375.70 Mn |
| Sep 30, 2023 | 3.59 Bn |
| Jun 30, 2023 | 3.50 Bn |
| Mar 31, 2023 | 3.43 Bn |
| Dec 31, 2022 | 531.50 Mn |
| Sep 30, 2022 | 3.42 Bn |
| Jun 30, 2022 | 3.42 Bn |
| Mar 31, 2022 | 3.34 Bn |
| Dec 31, 2021 | 773.10 Mn |
| Sep 30, 2021 | 3.28 Bn |
| Jun 30, 2021 | 3.25 Bn |